A looming presidential election and fiscal cliff were not enough to dissuade employees from taking positive savings actions in their 401(k)s, according to BankofAmericaMerrillLynch's latest quarterly numbers for its retirement and benefit plan services business.

BofA Directors' Merrill Lynch Accord Flawed, Objectors Argue

Bank of America Corp. directors' $20 million settlement of investor lawsuits over the purchase of Merrill Lynch & Co. is inadequate given the billions of dollars of harm the deal caused, objectors to the accord said.